Rental income would be $12-14k per year, so your netting $1500-3500 the first year before lowering the interest cost over time and increased rent (rising at 8% per year).So for $0 out of pocket you get another unit, equity growth(over time), income that grows and you created a unit of housing that didn't exist before.

Hey Phillip - DSCR's have become a popular route for the refi portion on BRRRRs.

This allows you to invest in real estate without triggering the 10% early withdrawal penalty or income taxes, and the gains can grow tax-deferred (or tax-free in a Roth IRA).

House hacking and short-term rentals are excellent strategies to consider, especially in a growing market like Indianapolis.

We are also based in Florida so have some unique capital partners that lend only in Florida.We are all here to help you learn and grow.

The more you show on your paystubs, the more lenders will approve you to borrow and the faster your savings will grow.  

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Since I enjoy the management and improvements and tools and growing a business, I chose to acquire my own properties.As for whether syndication is the "best way" ... it's totally whether the syndicator is good or not. 

Since you are retired, you want to preserve that $200k and make it grow I assume?

Will this home be something you use as a ladder to another, or will it be in your portfolio to grow wealth and cash flow in the future.